NHL Salaries 2016

National Hockey League salary cap is what every team has to spend a limited amount of money on purchasing players every year. So that makes it more compatible to earn good players in all the teams and make it more balanced in strength. The Hard Cap means there are no exemptions which mean no luxury penalties are required. The salary cap was introduced when 2003-04 season was cancelled with new Collective Bargaining Agreement(CBA) was agreed between the NHL and NHLPA (National Hockey League Players Association).

The actual amount of team salary cap is decided by grabbing the previous season expenditure on players and League's revenue. For a mean lets consider the salary cap of 2007-08 was approximately US$50.3 million, 2008-09 changes with an increase in 12% of what was previously to US$56.3 Million and increased to US$64.3 Million for the year 2011-12. This was decreased and was set to US$60 Million.

There was a pressure been built up in teams to reduce the salary cap to $62,500 per team and US$7,000 per player due to the financial pressure. This led some teams to trade away well paid star players to fit the cap. But the teams were allowed to spend $70.4 Million in a year for the prorated shorted season length.

The highest NHL career salary earns as of now Jaromir Jagr with $ 99.8 Million dollars and still active. With last seasons 2014-15 limited to not more than US$14 Million per player and which took Shea Weber as the NHL highest salaries to the top earn list for that season with US$14 Million . Shea Weber is followed by Sidney Crosby NHL player with salary for US$12 Million.